LONDON/NEW YORK (UK/US) -Bitcoin jumped to an all-time high on Monday after a sharp tumble last week checked its 2020 rally.
The virtual currency touched a lifetime peak of $19,808 and was last up 8.6% at $19,721.
Bitcoin has gained more than 170% this year, fuelled by a demand for risk-on assets amid unprecedented fiscal and monetary stimulus, hunger for assets perceived as resistant to inflation, and expectations that cryptocurrencies would win mainstream acceptance.
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The Bank for International Settlements has published a paper that declares cryptoassets , promoted as the future of finance, have not lived up to their promises and are...
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